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Project Budget Overview
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Written by Noam Karoly
Updated over 5 months ago

Objective

Understand how to read the Project Budget in StructShare.

Background

This article will give you a better understanding of each column in the budget and how to understand where the money is flowing from.

Things to Consider

Required Permissions - Users need 'System Admin' or ‘Project Admin’ permissions to be able to view the Project Budget.

Steps:

  • Navigating to the Project Budget

  • Understanding Each Column

Navigating to the Project Budget

  1. Click on the StructShare 'S' logo at the top left to expand the menu bar.

  2. Click on the 'Projects' icon to open the 'Projects' screen.

  3. You can search for the Project by Project Name, Job Number or Address, or scroll to find the Project.

  4. Click on the blue Project name to navigate to the Project Budget screen.

  5. the 'Budget' tab will be the first tab displayed.

  6. The Project Quantities, Line Items, BoM (Bill of Material), and Files tabs can also be accessed this way.

Understanding Each Column

  1. Customer Estimate - This field is editable and can be used to reflect the budget estimated by a subcontractor to the general contractor. This column will be hidden by default and if a user unhides the column, it will save this preference for this user the next time they navigate to the 'Budget' screen.

  2. Estimated Cost - This is the estimated cost of the entire project, and includes any orders related to the project.

  3. CO Amount - This does not pull from any field in StructShare, but instead is a place to manually add the additional costs of any Change Orders related to the project (these are not created in StructShare, but can be accounted for here).

  4. Total Budget - Your Estimated Cost + CO Amounts = Total Budget

  5. Invoice Balance - PO amounts which are not billed.

  6. Invoice Total - Amount of billed costs from invoices. You will either need to upload an invoice and match it with a PO and approve the quantities, or click the 3 dots top right of the PO and choose ‘mark as billed’ to see this populate.

  7. PO Total - Purchase Orders total costs on the project.

  8. Labor Cost - Total of all Labor Log’s associated with the project.

  9. Total Cost - PO Total + Labor Costs

  10. Paid Cost - Free text field for adding anything that has already been paid for.

  11. Budget to Complete - Total budget - (committed + actual)

  12. % Used - (Actual + Committed) / Total Budget

Questions?

Contact Support:

  • Live Chat with Support through StructShare:

    • Click on ‘Talk to Support’ on the left side of your screen.

  • Email Support:

  • Call Support:

    • ‪(512) 222-3716‬

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